Lending Club Blog

Lending Club Issues $100 Million in Consumer Loans, Captures 79% ofthe US Market in March 2010

What can you get for $100,000,000?Yesterday, Lending Club broke the $100mm mark in issued loans with a record high $8,664,750 in consumer loans issued in March alone.  This number represents over 79% of the $10,926,846 in peer-to-peer loans issued in the US in March.

Creditworthy borrowers are increasingly turning to Lending Club for better rates, as an alternative to traditional lending institutions.

Investors looking for a better return have continued to stash their cash in Lending Club Notes and earn over 9.5% net annualized returns (from June 2007 to March 2010).

To celebrate this milestone, we did some research to show you how big $100mm is.

Leave us a comment!  If you had $100mm, what would you do with it?

The Lending Club team

Thursday, April 1st, 2010 at 1:20 pm

Comments (10)

  1. Logan:

    I would buy 100,000,000 McDoubles

    April 1st, 2010 at 2:50 pm

  2. Give to Others, Innovate, Invest & Expand, Enjoy …. in that
    order.

    April 1st, 2010 at 10:04 pm

  3. Lee:

    Reinvest in American Express Personal Savings, ING Direct and more
    Lending Club notes.

    April 2nd, 2010 at 9:31 am

  4. Put $2M in a high yield savings account and live off the interest.
    Use the rest to better the human race, maybe some research
    donations, health care, earthquake relief, etc. Maybe I’d start an
    educational company that would give each person some money and
    teach them how to invest it…

    April 2nd, 2010 at 10:56 am

  5. If I had $100 million… I’d invest in education, technology, and
    entrepreneurial resources for the poorest.

    April 2nd, 2010 at 11:02 am

  6. I would pay off any debt I have including my mortgage. I would put
    money aside for my children’s education, college is coming quickly.

    April 5th, 2010 at 12:42 pm

  7. With a $100mm opportunities are pretty much endless. However the
    first thing I would do is expand my current business by hiring more
    tech and marketing people to launch new products I did not have the
    resources and manpower to develop till now. With a solid and
    successful business I can then invest again in other areas out of
    my comfort zone to give more people the opportunity to get a career
    doing what they love and good at. Some philanthropy in terms of
    loans to help other people bring their ideas to fruition and become
    employers as well. I for one believe it’s best to give someone an
    opportunity to make a living them just handing out some money
    unless there is a natural disaster or health issue preventing the
    recipient to work.

    April 11th, 2010 at 3:01 pm

  8. […] to their blog, the Lending Club has issued a little over $100
    million in loans since it’s inception and currently controls about
    75% of the peer lending industry. […]

    April 14th, 2010 at 4:27 am

  9. insales:

    If you have more than enough money, spend it wisely on charity and
    provide philanthropy to those lesser off

    April 19th, 2010 at 8:00 am

  10. Wow that’s a lot of loans!

    April 23rd, 2010 at 7:34 pm

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